401(k) Overview

401(k) Overview

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CONTRIBUTIONS

Employee and Employer

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Employee contributions

? Defer up to 70% of base pay

? Defer up to 70% of incentive payment

? Defer on a pre-tax and/or Roth (after-tax) basis

For Example:

401(k) Plan contribution rates:

Base Pay

Incentive Pay

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Pre-Tax:

Pre-Tax:

15% Roth:

0% Roth:

0%

6%

Deferral limits

Roth and pre-tax 401(k) accounts

? Employee annual combined IRS contribution limit for 2018

? $18,500 if under age 50

? $24,500 ($6,000 additional catch-up contribution) if age 50 or over by

December 31st

? Plan limits your contribution to 70% of eligible compensation but current taxes

may limit the amount you may defer

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UPoint Website:

Accessible through Cat@Work or via resources.cat

Your Name Here

Your Selected Plan

Name & Name of

Insured(s)

Your Selected Plan

Name & Name of

Insured(s)

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Your Selected Plan

Name & Name of

Insured(s)

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